How ethics can make corporate governance more meaningful in?
Answers
Corporate governance is meant to run companies ethically in a manner such that all stakeholders—creditors, distributors, customers, employees, and even competitors, the society at large and governments—are dealt with in a fair manner.
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Answer:
Explanation: Corporate governance plays a significant part in running a company. It follows certain ethics in a way that all stakeholders—customers, shareholders,creditors, employees, distributors and also competitors, government and society are treated in a rightful manner.
Business ethics is linked with corporate governance as it is a process of combining certain values such as honesty, fairness, transparency and trust into its practices, policies and decision making.It is the most important and integral part of corporate governance. It applies to each member of the organisation right from suppliers to sales executives to accounting methods as well as strategies adopted in the board room. It reflects how a company undertakes its business activities while making profit. Following right ethics helps in building both customer and reputation leading to generation of higher revenues.